Risk Principles - ISO 31000 - Putting Risk in its Place

[@SimplifyISO]

Glad you enjoyed it, Anju! Have a look at the other vids...

[@goldenkookie935]

Thanks for these! Big help for our risk management presentation tomorrow ❤️

[@SimplifyISO]

Glad you like them, GK - let me know if you're looking for anything else...Jim

[@lebogangmothupi2593]

Thank you very much for the gift, we truly appreciate people like you, may the good God continue using you, you are amongst the people changing the world. #CountYourselfIn

[@SimplifyISO]

Glad you stopped by, Lebogang! You might enjoy the blog posts on our SimplifyISO site: simplifyiso.com/

[@kareenziadat7371]

could you please further explain the structured and comprehensive principle?

[@SimplifyISO]

Certainly, Kareen - thanks for asking! The ISO 31000:2018 Standard suggests for this section that '...A structured and comprehensive approach to risk management contributes to consistent and comparable results...' In other words, for a more effective Risk Management program, you will want to build some sort of 'methodology' so that you are identifying, analyzing and assessing risks consistently. If you use the same technique over and over you'll be able to spot changes in the effectiveness of how you're managing risks (+ or -). By doing these activities (identifying, analyzing and assessing) in a random way, you won't be able to draw any valid conclusions about trends. Comprehensive refers to the 'scope' of your risk management activities - as the scope grows, you're being more 'comprehensive' or complete. I hope that helps, and please keep asking for clarifications!

[@anjusri1960]

Thank you for this !

[@SimplifyISO]

My pleasure, Anju! You might like some of the blog posts on the SimplifyISO site: simplifyiso.com/

[@monicajudithfriassandoval8429]

Risk can be used as a tool for destroying plans. We try to administrate risk in ISO 31000 series in order to avoid this phenomena to happen. Following ISO STANDARDS OVER RISK MANAGEMENT AND GUIDE TO MAKE DECISIONS UNDER THE EXAM OF RISK FACTORS. WE MINIMIZE OR TAKE THEM AWAY SO WE CAN DEVELOP PROPERLY.

[@SimplifyISO]

Thanks for your comment, Monica - that sounds like a great way to take advantage of the information in the ISO Standards. If your organization deals with Information and has a concern about information security, you may enjoy reading ISO 27005 - Information Security Risk Management. I assume you're following your work flow to identify risks. Change management (ISO 9001 - 6.3) can help manage risk here, too.

[@samuelsasuadonteng2526]

Thank you for this

[@SimplifyISO]

My pleasure, Samuel - glad you enjoyed it...Jim

[@SimplifyISO]

My pleasure, Samuel - there are 3 videos in this ISO 3100 in this series - I hope they're helpful. If your organization is concerned with Information Security, you may want to take a look at ISO 27005 - it's ISO 31000 with an 'Information Security' focus. Very helpful. Happy New Year!

[@iyan002]

👍👍

[@SimplifyISO]

Thanks for your 'thumbs up' - glad you liked it! There are some blog posts here, too: simplifyiso.com/iso-tips/ Stay in touch...Jim